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JAMB UTME - Use of English - 2015

Question 1 Report

The main source of -1- (A. Production B. Revenue C .development D. capital) to the government is -2-(A. planning B. budgeting C. Taxation .investment),which can be direct or indirect. while the former is based on one’s -3-(A. income B. profits C. services D. wealth),the latter is imposed on goods and -4-(A. re-numeration B. surpluses C. resources D. services) and it is paid only we these are -5- (A. supplied B. produced C. distributed D. bought) other sources includes -6- (A. compensation B. Benefits C. gratitude’s D. loyalties) such as those paid by mining companies, and sales of -7- (A. charges B. duties C. bills D. licenses ) for dogs,guns,hotels, etc .another major source is -8- (A. investment B. banking C .interest D. borrowing ) which is different from the other because it as to be repaid. From these and other sources, government is able to raise -9-(A. loans B. capitals C. money D. grant) with which it carries out its -10- (A. jobs B. necessities c. investments D. functions), which include administration and the -11- (A. settlement B. provision C. embarking D. commitment) of social services. Besides, it is able to control the country’s -12- (A. accounts B. budgets C. prices D. economy) by imposing taxes sometimes to prevent -13-(A. deflation B. monopoly C. inflation D. depression) or by altering pattern of -14- (A. consumption B. production C. development D. growth) through the raising of -15- (a. subsidy B. discount C. commission D. duty) against certain foreign goods.

Read the passage carefully and answer the question labeled 13.
Answer Details
The question is asking about a problem that the government might try to prevent by imposing taxes or altering the pattern of consumption or production. The problem being referred to is related to the control of the country's accounts, budgets, prices, and economy. Based on the options given, the problem being referred to is inflation. Inflation is a situation where the general price level of goods and services in an economy increases over time, leading to a decrease in the purchasing power of the currency. The government might try to prevent or control inflation by increasing taxes or raising duties against certain foreign goods, among other measures.